NewsDeutsche Bank Launches The First Sustainable Deposit In Spanish Market

Deutsche Bank Launches The First Sustainable Deposit In Spanish Market

Deutsche Bank launches the first sustainable deposit in the Spanish market. It is for investments from $ 1,000 and will be marketed from this Thursday.

Deutsche Bank Spain has launched a sustainable deposit for investments starting at 1,000 dollars (845 euros at the current exchange rate) and with a term of up to 12 months without the possibility of early cancellation, a new product that will begin its commercialization on July 15. See more news about sustainability in the Economist Sustainable Investment and ESG.

As stated by the entity in a statement, the DB Sustainable Deposit is the first in the Spanish market and will be used exclusively to finance green projects that meet the criteria of the Deutsche Bank Group’s Green Financing Framework .

The bank has also specified that neither the repayment of the principal of the DB Sustainable Deposit nor the payment of interest will be affected by the investment in “green” assets or by future regulatory changes in terms of environmental sustainability and sustainable finance.

“With the Sustainable Deposit DB we are expanding our offer of products that meet the ESG criteria, for which we bet on the bank,” said Fernando Camacho, the head of accounts and deposits at Deutsche Bank Spain.

Deutsche Bank launches the first sustainable deposit in the Spanish market. It is for investments from $ 1,000 and will be marketed from this Thursday.

Deutsche Bank Spain has launched a sustainable deposit for investments starting at 1,000 dollars (845 euros at the current exchange rate) and with a term of up to 12 months without the possibility of early cancellation, a new product that will begin its commercialization on July 15. See more news about sustainability in the Economist Sustainable Investment and ESG.

As stated by the entity in a statement, the DB Sustainable Deposit is the first in the Spanish market and will be used exclusively to finance green projects that meet the criteria of the Deutsche Bank Group’s Green Financing Framework .

The bank has also specified that neither the repayment of the principal of the DB Sustainable Deposit nor the payment of interest will be affected by the investment in “green” assets or by future regulatory changes in terms of environmental sustainability and sustainable finance.

“With the Sustainable Deposit DB we are expanding our offer of products that meet the ESG criteria, for which we bet on the bank,” said Fernando Camacho, the head of accounts and deposits at Deutsche Bank Spain.

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